Word: indexed
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Dates: during 1970-1979
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Meteorologists use something called a "discomfort index," which combines the temperature and the humidity rate, to tell us how nasty the weather is. Now Congress has hit upon a "misery index" to tell us how nasty the economic climate may be. A rather imprecise tool of the Joint Economic Committee, the index is reached simply by adding the inflation rate to the unemployment rate...
...When the index climbs as high as it is now, the results can be distressing. During a regional hearing in Atlanta last week, the Joint Economic Committee was told by M. Harvey Brenner, an associate professor of public health at Johns Hopkins University, that there are concrete correlations between economic hard times and serious physical and social ills. According to Brenner, high inflation and widespread unemployment bring increased suicides, higher incidences of cirrhosis of the liver due to heavier drinking, and an upsurge in mortality from cardiovascular diseases. There is also an apparent strong correlation with increased crime-the next...
...Inflation will slow to an average rate of 6.6%, as measured by the consumer price index, and a hair less than that by year's end. That would contrast with a 7.6% increase in retail prices in the twelve months ended last October and a horrifying 11% in 1974. On this one point, however, there are some serious disagreements in the predictions. Beryl Sprinkel, executive vice president and economist of Chicago's Harris Trust & Savings Bank, sees the end-of-1976 inflation rate at a low 5%; Robert Nathan, head of his own consulting firm, forecasts a startlingly...
...directorial shortcoming that stems in part from the datedness of musical comedy conventions themselves is the roughness of transitions between comic and serious moments. An index of Cadiff's failure to effect these transitions is the laughter with which the audience greets the opening of "Ohio"--the sisters' supposedly poignant questioning of their wisdom in leaving home...
That pattern, however, is somewhat deceiving. The index of leading indicators was depressed by a decline in the nation's money supply during October. But money supply grew rapidly again in early November, as the Federal Reserve Board switched to an easier policy; so it is a good guess that the index turned up in November. And the number of people receiving unemployment benefits dropped by 82,100 in early November, to 5.2 million, indicating that the November unemployment rate to be announced this week will be down. Many economists now forecast that total output of goods and services...